MK Decision Partners with IDology to Integrate Real-Time Identity Verification Into Its Digital Account Opening and Loan Origination Platform prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ IDology, a GBG Company, announced today it has been recognized with multiple industry awards for outstanding customer service and innovative.
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ATLANTA, Jan. 28, 2021 /PRNewswire/ IDology, a GBG company, today released its Eighth Annual Fraud Report confirming the impact of rapid digitization driven by COVID-19 and revealing a 53% increase in fraud attempts across nearly every channel. The most targeted channel was mobile, with an astounding 89% increase in fraud attempts.
(PRNewsfoto/IDology)
For the first time in the history of IDology s Annual Fraud Report, identity verification was reported as the biggest challenge to combating fraud. As COVID-19 drove 84 million Americans online for services that were previously carried out in person, businesses faced an influx of new customers to onboard. In response, many appeared to loosen fraud controls in an effort to reduce friction and simplify onboarding, particularly for digital newbies. This loosening, combined with COVID-19 factors such as dispersed fraud teams, remote work, stimulus checks, and sophisticated phishing and synt